I did a really shit job explaining to my GF the reasons why Bitcoin can only ever have 21 million coins.
Anyone got a simple, succinct explanation for this?
The goal is to have it easy enough that ...
It’s like adding a new constant to the International System of Units (7 are defined for meter, luminosity, etc.).
Satoshi decided that he needed to define a constant for overall monetary value, so he decided on 21m bitcoin. Gradually, this will become the 8th constant of the International System of Units representing overall monetary value.
Satoshi decided that he needed to define a constant for overall monetary value, so he decided on 21m bitcoin. Gradually, this will become the 8th constant of the International System of Units representing overall monetary value.